HEFBOOM: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
What changed
HEFBOOM
NACE 73.200, Market research and public opinion polling
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€57,628
2024 · -€154,519+€96,891
Equity
€207,083
2024 · €264,711-€57,628
Cash
€23,899
2024 · €36,834-€12,935
Balance sheet total
€1.5m
2024 · €1.8m-€301,000
Largest movements
Assets
- Receivables within one year -€251,856
down €251,856 (-31.7%), from €793,490 to €541,634
of which Trade receivables: -€275,858
- Tangible fixed assets -€69,241
down €69,241 (-10.6%), from €654,998 to €585,757
of which Other tangible fixed assets: -€40,356
Equity and liabilities
- Debts within one year -€148,469
down €148,469 (-12.9%), from €1.1m to €1.0m
- Debts after one year -€69,935
down €69,935 (-17.6%), from €397,947 to €328,012
- Profit (loss) carried forward -€57,628
down €57,628 (-26.8%), from €214,711 to €157,083
- Accrued charges and deferred income -€24,969
down €24,969 (-99.3%), from €25,148 to €179
Income statement
- Gross operating margin +€49,763
up €49,763 (+5.7%), from €865,956 to €915,719
- Staff costs -€44,236
down €44,236 (-5.1%), from €865,317 to €821,081
- Other operating charges +€10,543
up €10,543 (+193%), from €5,458 to €16,001
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Result 2024
-€154,519
Gross operating margin
+€49,763
Staff costs
+€44,236
Depreciation
+€6,806
Write-downs
-€750
Other operating charges
-€10,543
Other operating items
-€82
Financial income
+€4,778
Financial charges
+€2,683
Result 2025
-€57,628
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€119,667
Investment
-€62,668
Financing
-€69,935
Cash 2024
€36,834
From operations (derived)
+€119,667
Net result for the year
-€57,628
Depreciation
+€110,374
Receivables within one year
+€251,856
Deferred charges and accrued income
-€11,497
Debts within one year
-€148,469
Accrued charges and deferred income
-€24,969
Investment (derived)
-€62,668
Investment in fixed assets (net)
-€62,668
Financing
-€69,935
Debts after one year
-€69,935
Cash 2025
€23,899
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,837,773 | €1,536,773 | -€301,000 | -16.4% |
| Fixed assets | 21/28 | €989,609 | €941,903 | -€47,706 | -4.8% |
| Intangible fixed assets | 21 | €53,635 | €62,374 | +€8,739 | +16.3% |
| Tangible fixed assets | 22/27 | €654,998 | €585,757 | -€69,241 | -10.6% |
| Plant, machinery and equipment | 23 | €44,614 | €18,205 | -€26,409 | -59.2% |
| Furniture and vehicles | 24 | €12,071 | €9,595 | -€2,476 | -20.5% |
| Other tangible fixed assets | 26 | €598,314 | €557,958 | -€40,356 | -6.7% |
| Financial fixed assets | 28 | €280,975 | €293,772 | +€12,796 | +4.6% |
| Current assets | 29/58 | €848,164 | €594,870 | -€253,294 | -29.9% |
| Amounts receivable within one year | 40/41 | €793,490 | €541,634 | -€251,856 | -31.7% |
| Trade receivables | 40 | €664,594 | €388,736 | -€275,858 | -41.5% |
| Other amounts receivable | 41 | €128,896 | €152,898 | +€24,002 | +18.6% |
| Cash at bank and in hand | 54/58 | €36,834 | €23,899 | -€12,935 | -35.1% |
| Deferred charges and accrued income | 490/1 | €17,840 | €29,337 | +€11,497 | +64.4% |
| Total equity and liabilities | 10/49 | €1,837,773 | €1,536,773 | -€301,000 | -16.4% |
| Equity | 10/15 | €264,711 | €207,083 | -€57,628 | -21.8% |
| Reserves | 13 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €214,711 | €157,083 | -€57,628 | -26.8% |
| Amounts payable | 17/49 | €1,573,062 | €1,329,690 | -€243,373 | -15.5% |
| Amounts payable after more than one year | 17 | €397,947 | €328,012 | -€69,935 | -17.6% |
| Financial debts | 170/4 | €397,947 | €328,012 | -€69,935 | -17.6% |
| Amounts payable within one year | 42/48 | €1,149,967 | €1,001,498 | -€148,469 | -12.9% |
| Current portion of amounts payable after more than one year | 42 | €68,895 | €69,935 | +€1,041 | +1.5% |
| Trade debts | 44 | €154,391 | €151,636 | -€2,755 | -1.8% |
| Suppliers | 440/4 | €154,391 | €151,636 | -€2,755 | -1.8% |
| Advances received on contracts in progress | 46 | €0 | €1,920 | +€1,920 | |
| Taxes, remuneration and social security | 45 | €118,392 | €113,416 | -€4,975 | -4.2% |
| Taxes | 450/3 | €10,030 | €7,608 | -€2,422 | -24.1% |
| Remuneration and social security | 454/9 | €108,361 | €105,808 | -€2,553 | -2.4% |
| Accrued charges and deferred income | 492/3 | €25,148 | €179 | -€24,969 | -99.3% |
| Non-recurring operating income | 76A | - | €300,000 | +€300,000 | |
| Remuneration, social security and pensions | 62 | €865,317 | €821,081 | -€44,236 | -5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €117,180 | €110,374 | -€6,806 | -5.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €750 | +€750 | |
| Other operating charges | 640/8 | €5,458 | €16,001 | +€10,543 | +193% |
| Non-recurring operating charges | 66A | €1,506 | €1,588 | +€82 | +5.4% |
| Gross operating margin | 9900 | €865,956 | €915,719 | +€49,763 | +5.7% |
| Operating profit (loss) | 9901 | -€123,505 | -€34,074 | +€89,431 | +72.4% |
| Financial income | 75/76B | €4,737 | €9,515 | +€4,778 | +101% |
| Recurring financial income | 75 | €4,112 | €9,324 | +€5,211 | +127% |
| Non-recurring financial income | 76B | €625 | €191 | -€434 | -69.4% |
| Financial charges | 65/66B | €35,751 | €33,068 | -€2,683 | -7.5% |
| Recurring financial charges | 65 | €35,751 | €33,068 | -€2,683 | -7.5% |
| Profit (loss) for the period before taxes | 9903 | -€154,519 | -€57,628 | +€96,891 | +62.7% |
| Profit (loss) for the period | 9904 | -€154,519 | -€57,628 | +€96,891 | +62.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€154,519 | -€57,628 | +€96,891 | +62.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.